India News | Kiran Mazumdar-Shaw Says 'Pandora Papers' Wrongly Implicates Husband's Offshore Trust
Get latest articles and stories on India at LatestLY. Kiran Mazumdar-Shaw on Monday said the 'Pandora Papers' have wrongly implicated her husband's offshore trust, and termed the organisation as "bonafide" and "legitimate".
New Delhi, Oct 4 (PTI) Kiran Mazumdar-Shaw on Monday said the 'Pandora Papers' have wrongly implicated her husband's offshore trust, and termed the organisation as "bonafide" and "legitimate".
"Media stories reporting on Pandora Papers wrongly implicate my husband's offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories," Mazumdar-Shaw, the executive chairperson of biotechnology major Biocon, said in a tweet.
Also Read | Amazon Great Indian Festival Sale 2021: Samsung Galaxy S20 FE 5G Sees Price Drop to Rs 36,999.
Millions of leaked documents dubbed as the 'Pandora Papers' by a worldwide journalistic partnership on October 3, claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, including India.
The 'Pandora Papers' have named 300 Indian individuals, including Sachin Tendulkar, Anil Ambani, Nirav Modi and Kiran Mazumdar-Shaw.
Also Read | Mahant Nritya Gopal Das, Chief of Shri Ram Janmabhoomi Teerth Kshetra Trust, on Oxygen Support in Lucknow.
The International Consortium of Investigative Journalists (ICIJ), which involved the BBC and 'The Guardian' newspaper in the UK and 'The Indian Express' in India among 150 media outlets in its investigation, claims it obtained the trove of more than 11.9 million confidential files to find secret financial dealings of many super rich.
The 'Pandora Papers' are a follow-up to a similar project released in 2016, called the 'Panama Papers' compiled by the same journalistic group.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)